ChainCatcher reported that Digital Currency Group founder Barry Silbert and chief legal officer Craig Salm had already filed a similar application in January this year, when the indicated price was about $37 per share. In the latest transaction, Mintzberg’s sale price was roughly 45% lower than that earlier level. The report also highlighted a sharp contraction in GXRP’s public float over the past six months, dropping from 5.79 million shares to 2.84 million, a decline of about 51%. According to the same report, that shift shows redemption pressure has continued to exceed subscriptions. At present, total net assets across U.S. spot XRP ETFs stand at about $971.6 million, with GXRP accounting for roughly 6% of the total.
According to ChainCatcher, founder Barry Silbert and chief legal officer Craig Salm filed a similar application in January this year, when the indicated price was about $37 per share. Mintzberg’s latest sale price was about 45% below that level.
The report also said GXRP’s float dropped sharply over the past six months, falling from 5.79 million shares to 2.84 million, a decline of about 51%.
ChainCatcher said the change reflects redemption pressure continuing to outpace subscriptions. Total net assets in U.S. spot XRP ETFs currently stand at about $971.6 million, with GXRP representing around 6% of that amount.
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